Strapping Materials Market Size, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI4095
Strapping Materials Market size will see noticeable gain during the forecast timeframe owing to rising demand from packaging industry. Strapping is the procedure to apply a strap to an object to reinforce, combine, hold, stabilize, or fasten it. Strapping materials are widely used in packaging industry, since they exhibit superior properties such as tension resistance, high elongation and possess high tensile strength which facilitate in packaging of construction materials and metals. Packaging techniques add value, marketability label, ensure safety, barrier protection, strength, convenience, and provide an extended shelf life to the product. Increasing demand from healthcare, cosmetics, toiletries, food & beverages and household products will drive product demand over the forecast timeframe.
Strapping is used in a variety of industries from shipping large industrial equipment to reinforcing cases in e-commerce fulfilment centers. Rising demand for consumer electronics, medical devices, household appliances, textile goods and pharmaceutical products, along with flourishing e-commerce industry and improved logistics operations shall augment strapping material market demand in near future.
Strapping materials are available in different strengths with specific grades and classifications and these grades are described by ASTM International and American Association of Railroads. In addition, effective strapping not only reduces logistical expenses but also facilitate warehousing of goods. It can be used as a substitute to wrap since strapping protect goods from damage and spoilage while shipping or handling the product. Growing awareness among people for recycling plastics and government initiatives to sustainable manufacturing practices coupled with expansion of export trading industry will create lucrative opportunities for the overall strapping material industry growth. However, use of steel strapping is declining due to its high cost, recycling abilities and sharp edges that cause trouble in product handling.
As per materials, the strapping materials market can be classified into steel, polypropylene, polyester, nylon and others such as paper, composites, woven, etc. Polyester based straps are gaining popularity owing to properties of invariable tension on load while transportation and greater elongation recovery. On the other hand, polypropylene based straps offer the advantage of shrinking or elongation from its original shape and size. These are cost-effective, lightweight material available in various width and thickness and widely utilized in bundling and palletizing. Steel straps are mainly used in metal and construction industry where heavy duty loads such as metal bars, rods, and coils are to be handled. Steel straps withstand rough handling of heavy goods during transportation due to their lesser elongation recovery, high break strength, durability and UV Resistance.
The application areas of strapping material market include food & beverage, industrial logistics, consumer electronics, building & construction and others such as textile, metals etc. Strapping material mainly depends on the end-user mobility, as they facilitate bundling items together for handling and shipments. It also provides extended applicability in reinforcing, attaching and load securing in these application areas. Industrial logistics has seen a gradual rise in nations including UK and Germany which are logistics hub in entire Europe, and this will propagate air cargo and waterway transport. This in turn will positively influence product demand in near future.
Asia Pacific will witness significant growth rate in China, India, South Korea owing to rising product application in industries such as food & beverages, building & construction, paper & printing, etc. Europe is another substantial market in the global strapping material market. The European Union’ s ban on non-recyclable plastic and the need to curb pollution from manmade plastics & synthetic polymers is likely to drive market in the region. Moreover, easy availability of raw material shall benefit global strapping material market over the forecast timeframe.
Prominent players operating in global strapping material market include 3M, Cyklop International, Dynaric, Polychem Corporation, Milan Ligocki UNIPACK, Signode Packaging Systems Corporation, Plastofine Industries, Crawford Packaging, Titan Umreifungstechnik, Mosca GmbH, Signor Polymers, StraPack, Inc. Martin Packaging and Panorama Packaging. Players are continuously incorporating acquisitions & mergers, as their key growth strategy.
Strapping Material Market, By Material, 2014-2025 (USD Million)
Strapping Material Market, By Application, 2014-2025 (USD Million)
- Food & beverage
- Industrial logistics
- Consumer electronics
- Building & construction
The above information has been provided for the following regions and countries:
- North America
- South Korea
- Latin America
- South Africa
- Saudi Arabia
- The 3M Company
- Cyklop International
- Polychem Corporation
- Milan Ligocki UNIPACK
- Signode Packaging Systems Corporation
- Plastofine Industries
- Crawford Packaging
- Titan Umreifungstechnik GmbH & Co. KG
- Mosca GmbH
- Signor Polymers
- StraPack, Inc.
- Martin Packaging
- Panorama Packaging
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